What is 0DTE?
0DTE — zero-days-to-expiration — refers to options that expire the same trading day they are traded. On SPX and SPY, 0DTE contracts are listed on every trading day; on most single-name tickers, 0DTE volume concentrates on Monday, Wednesday, Friday. 0DTE now accounts for 40-50% of total SPX options volume on many sessions, and the hedging flows generated by these very-short-dated positions increasingly dominate intraday price action.
Why 0DTE analytics need their own dashboard
Full-chain GEX and DEX include every listed expiration — weeks, months, LEAPS. The 0DTE slice is a different beast. Gamma on at-the-money options scales as $1/\sqrt{T}$, so with $T$ measured in hours not years, 0DTE gamma is 3-10x higher than weekly options at the same strike. The dealer hedging those positions has to trade far more aggressively for the same move in the underlying, and the regime can flip intraday as the 0DTE book rolls off.
That's why the FlashAlpha /v1/exposure/zero-dte/{symbol} endpoint returns 0DTE-only aggregates: a regime label, a 0DTE-specific gamma flip, dedicated pin risk scoring, an expected move that shrinks minute-by-minute, and hedging tables at ±0.5% (more relevant than ±1% when there are two hours left).
Reading the dashboard above
- Regime — positive_gamma means dealers are long 0DTE gamma and their hedging dampens moves; negative_gamma means they amplify.
- Gamma flip — the 0DTE-specific price where the regime flips. Crossing it intraday is a material event.
- Pin score — 0-100. Above 70 signals strong mean-reversion into the magnet strike; below 40, pin is not in control.
- Expected move (remaining) — 1σ dollar move still available between now and close, from ATM straddle mid. Shrinks as close approaches.
- Dealer hedging at ±0.5% / ±1% — estimated shares dealers must buy or sell for a move of that size. Large absolute values = sharper intraday reaction.
- Gamma acceleration — 0DTE ATM gamma divided by 7DTE ATM gamma. 2-5x is typical early in the day; 10x+ in the final 30 minutes.
Pricing and access
FlashAlpha's /v1/exposure/zero-dte/{symbol} is a Growth-tier endpoint across every listed underlying — SPY, SPXW, QQQ, NVDA, TSLA and 6,000+ other optionable tickers. Growth starts at $239/mo billed annually (or $299 month-to-month) and includes 2,500 requests/day. Growth also bundles full-chain GEX/DEX/VEX/CHEX, the volatility surface endpoint, and IV rank. Historical 0DTE replay since 2018 is on the Alpha tier via the same request schema.
Want this in your code, not just on this page? One REST call returns everything rendered above. Call it for any of 6,000 tickers, 2,500× a day.
See Growth pricing